STB Officially Entered Insolvency. Bucharest Court Admitted the Application to the Second Trial
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12 Articles
Remus Borza, managing partner at Euro Insol SPRL, one of the companies that are part of the consortium appointed, on Tuesday, by the Bucharest Tribunal, provisional judicial administrator of the Bucharest Transport Company (STB), detailed, in a wide interview given to the reporter Mediafax, the possible impact of the insolvency proceedings on travellers, but also the steps that must be taken to get this entity back healthy in the economic circui…
The judicial administrator of the STB announces a thorough reform of the company after the insolvency. Revenues and subsidies, tariffs and fines for travel without ticket, contracts and purchases, but also organizational chart and number of employees, will be analysed in the context of debts that could exceed 3 billion lei.
The Bucharest Tribunal opened the general insolvency proceedings against the Bucharest Transport Company (STB), the operator of the public surface transport in the Capital. The decision, delivered on 8 September 2026, sets in motion a judicial timetable that will allow for the verification of the company's debts, the centralisation of claims and the establishment of the reorganization board or, if this is not possible, the subsequent measures pr…
The Bucharest Tribunal has admitted the application for entry into the insolvency of the Bucharest Transport Company in another file compared to the one rejected last month, for lack of documents. The Mayor General, Ciprian Ciucu, considers that insolvency is the only solution to avoid blocking the STB accounts. Last year, the company had debts of almost one and a half billion lei to [...]
The Court approved the opening of the insolvency proceedings for STB. The decision of the Bucharest Tribunal opens a period of major reorganization, for the main public transport company in the Capital, while creditors await the establishment of the payment plan.
The Bucharest Tribunal admitted on Tuesday the application for insolvency of the Bucharest Transport Company (STB), being appointed as provisional judicial administrator a consortium consisting of Euro Insol SPRL, Turmac Insolvency SPRL and Ceres Insolv SPRL.
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